Two Different Theologies?

In my Hebrew class today, our teacher asked us to respond to a certain argument raised concerning the text we were reading. The student who responded hesitated and said:

Are you asking in terms of Mormon theology or academic theology?

The class laughed and emphatically agreed that they were two different things. Our teacher responded that when Academic theology is correct it parallels Mormon theology. I thought the episode was extremely interesting since it raises (or resurrects) an entire host of questions concerning epistimology, the faith vs. reason debate, religion’s place in the academy, and the semantic parameters of those questions.

How would you respond to my classmate’s questions? What are your opinions of the terms, “Mormon theology” or “academic theology?” If you don’t believe in divinely revealed truth, this question might be easy to answer; but if you believe that truth results from faith as well as the academy, how should each inform the way in which we express truth?